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Inessa05 [86]
3 years ago
6

The CEO of a business firm wants to increase the productivity of the employees while minimizing the labor costs incurred by the

company. He decides to pay a monthly salary to full-time staff members. However, he also wants to compensate employees for exceptional work through bonuses at the end of every fiscal year. In the given scenario, the CEO can use a _____ to tie a portion of the compensation to employee effort.a. pay-for-experience standardb. competency-based pay systemc. pay-for-performance standardd. skill-based pay system
Business
1 answer:
lawyer [7]3 years ago
6 0

Answer: pay-for-performance standard

Explanation: In simple words, performance based pay refers to the payment structure under which any employee who performs extra work is paid bonus for doing so.

Suck kind of system is implemented for improving the performance of the employees and boosting their morale.

Hence, the manager can use pay for performance standard.

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JetBlue’s "Even More Space" initiative allowed passengers to buy seats with more legroom for a slightly higher price. The initia
8090 [49]

Answer: Upselling

Explanation:

Upselling is a customer development strategy whereby the customers are encouraged to buy an upgraded or higher end version of a particular product. Upselling therefore results in the customers spending more than what they initially planned for and this bring about increase in revenue to the company.

Therefore, the customer development strategy exemplified by JetBlue is Upselling.

7 0
3 years ago
g: Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement
madam [21]

Answer:

Total contribution margin= $59,800

Explanation:

Giving the following information:

Unitary selling price= 155,400 / 4,200= $37

Unitary variable cost= 100,800 / 4,200= $24

<u>To calculate the total contribution margin, we need to use the following formula:</u>

Total contribution margin= units sold*(selling price - unitary variable cost)

Total contribution margin= 4,600*(37 - 24)

Total contribution margin= $59,800

6 0
2 years ago
Consider the following work breakdown structure:What is the probability that this project will be completed within 210 days AND
ella [17]

Answer: 0.8186  

Explanation:

Given that;

activity To    Tm Tp     Te (V)^0.5            v

A         38    50 62    50 4                   16

B         90    99 108    99 3                    9

C         70    80 90    80 3.333333    11.11111

D         19    25 31    25 2                    4

E         91    100 115    101 4                   16

F         62    65 68    65 1                    1

Expected duration Te = (4 × Tm + To + Tp ) / 6

Variance = ( Tp-To/6]²

variance of the critical path = 9+16 =25

SD of the critical path = ( var)^0.5 = 5

probability that the project will be completed within  210 days is given by

z = (210-200) / 5 = 2

which gives probability of 0.97725

Probability that the project will be completed within 195 days

z = (195-200) / 5 = -1

which corresponds to probability of 0.1586

Now required probability that project completes within 210 but before 195 days is given by

0.97725 - 0.1586 = 0.8186  

4 0
3 years ago
​Cartwright's, a​ home-improvement store​ chain, reported these summarized​ figures: ​(Click the icon to view the income​ statem
grandymaker [24]

Answer:

a. 4.91

b. 2.50 days

Explanation:

a. Inventory turnover

= Cost of goods sold / Average inventory

Average inventory =( Ending inventory + Opening inventory) / 2

= (4,676,000 + 4,190,000) / 2

= $4,433,000

Inventory turnover = 21,766,030 / $4,433,000

= 4.91

b. D​ays' sales in average receivables

= Average Account Receivables / Average daily sales

Average account receivables = (Ending receivables + Opening receivables) / 2

= (100,800 + 378,500) / 2

= $239,650

Average daily Sales = Sales / 365

= 34,988,900 / 365

= $95,860

D​ays' sales in average receivables = 239,650 / 95,860

= 2.50 days

3 0
3 years ago
Ninety-seven percent of the world's water resources are found in
CaHeK987 [17]
Ninety-seven percent of the world's water resources are found in<span>salt water</span>
8 0
3 years ago
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